Software stocks are facing an increasingly loud reckoning as Wall Street rethinks how artificial intelligence affects the sector. Goldman Sachs is the latest to offer a reality check, suggesting that software’s reckoning may not yet be over, even as short-term selling appears overdone and some investors are going bargain-basement buying, including Bank of America. In
This live blog is refreshed periodically throughout the day with the latest updates from the market.To find the latest Stock Market Today threads, click here. Happy Friday. This is TheStreet’s Stock Market Today for Feb. 6, 2025. You can follow the latest updates on the market here in our daily live blog. Update: 9:30 a.m. ET Opening Bell Starting
Gather round while we look at the reality of markets. They correct, and sometimes, corrections are brutal. Feb. 5 proved to be a really brutal day, especially for the Magnificent 7 stocks. The Mag 7 group, which includes Apple, Alphabet, Amazon, Meta Platforms, Microsoft, Nvidia, and Tesla, has mostly struggled so far this year. That’s
A year ago, Wall Street praised the software sector as “the next AI focus.” But that narrative is now turning. On Feb. 3, many software stocks took a sharp hit as investors grew worried that advances in artificial intelligence could begin to replace traditional software services. Anthropic announced that it was adding new legal tools
Over the last year, a number of British travel agencies in particular have had to either file for bankruptcy or shut down operations entirely. Great Little Escapes and Jetline both shut down operations within weeks of each other in the summer of 2025 while Hampshire-based New Era Travel followed with a similar announcement that it was
Target has been trying to cover up years of uneven performance, much like a rushed makeup routine that conceals flaws without fully addressing what lies beneath. Sales declines, shrinking foot traffic, and lost market share to competitors have weighed on the retailer, compounded by consumer backlash over a series of controversial business decisions. Those pressures intensified after Target revealed
The Federal Reserve’s pause on interest-rate cuts in January — and its potential impact on your wallet — was expected by economists and markets. But, in its wake, not everyone agrees it was an appropriate monetary policy step for the U.S. economy. The Federal Open Market Committee voted 10-2 to hold interest rates steady at
There’s no denying it: Nvidia (NVDA) is priced for perfection. Regardless of your personal opinion, the standard mega-cap argument is no longer valid, with the tech giant now firmly in the perpetual AI capex machine space. This means any issues with OpenAI will lead to a sharp hit in the sentiment. CEO Jensen Huang swooped
Shares of Alphabet (GOOGL), the Google parent company, are up 9.9% year to date as of Feb. 2, far outpacing the S&P 500 Index’s 1.9% gain. Waymo, Alphabet’s autonomous driving technology subsidiary, revealed it had raised $16 billion in its latest fundraising round, now valuing the company at $126 billion, Reuters reported on Feb. 2.
Philip Morris International, an international tobacco company, has recently been in the news for its “smoke-free” alternatives and regulatory battles it faces with the ZYN pouches. Philip Morris closes office, lays off Amidst this, it filed a WARN (Worker Adjustment and Retraining Notification) letter with the Virginia Employment Commission on January 28 regarding the closure